BAM

Overall_Commercial_5

The point is, you'll eventually have to enter the seed phrase somewhere to sell, right? What if that device was compromised? After 10 years of stacking bitcoin you go on to enter your seedphrase on an exchange and then BAM - It's gone. With a hardware wallet, you're not letting your computer see the seed, so even if it has a virus, your seed is safe.

PM_ME_UR_AMOUR

Asides from BTC, generally speaking, I think alts will struggle. I do think there’s gonna be one shake out before things get heated up. I do believe quantitative easing will return and that’s when we get the shake out and then BAM! Up we go. Idk about others but I’m most probably gonna take out 80% of my stuff at the end of march. I didn’t want to but I’ve become far too emotional and I feel match will be a good point to have gains yet not see the complete top either. By 80% I mean my Pepe which makes up 80% of my portfolio.

PM_ME_UR_AMOUR

Asides from BTC, generally speaking, I think alts will struggle. I do think there’s gonna be one shake out before things get heated up. I do believe quantitative easing will return and that’s when we get the shake out and then BAM! Up we go. Idk about others but I’m most probably gonna take out 80% of my stuff at the end of march. I didn’t want to but I’ve become far too emotional and I feel match will be a good point to have gains yet not see the complete top either. By 80% I mean my Pepe which makes up 80% of my portfolio.

DrSpeckles

BTC letting their tech talk? Their forums are the most heavily censored and curated of all. It’s basically one ever-running advertisement. Try starting a serious discussion BAM! You’re banned.

xXMrGoodKat

I’ve been aware of Bitcoin since 2009. Back then, I thought of it as a cool concept. Allegedly, 'Satoshi Nakamoto' had created an impressive code with potential, but I didn’t believe it would amount to anything huge. When I started seeing it being used for questionable activities, especially in Europe, the whole Bitcoin story began to seem shady, and I doubted it would ever become important. I lost interest and forgot about it until 2017, when I was surprised to find it still thriving, kept alive mostly by 'regular people.' also, a country like el Salvador started make it official I thought wow so I decided to create a wallet, thinking I’d give it another chance, but I still didn’t see it becoming a big deal. I left it alone again until 2023, when I started reading articles about the IRS forcing brokers to report crypto investors’ gains for tax purposes. That was my (first flag/puzzle). Then, I noticed new payment systems like FedNow and other technologies signaling the rise of digital currencies (second flag/puzzle). In December 2023, I heard that Bitcoin ETFs were likely to be approved by the U.S. Securities and Exchange Commission in 2024—and that’s when everything started to make sense, I started connecting all the puzzle pieces and I see where bitcoin was heading. so by January I started made my moves and BAM! January 10 ETFs of Bitcoin were out in the market! ......... am just going to say that is not a coincidence why bitcoin came to exits, and the creator of it, is not who we all think it is... its simple a perfect strategy planed years but years ago and was envisioned for the "NEW FUTURE" I don't want to say the exact words but am sure some of you may get what am trying to say..... anyways am taking advantage of this new system getting implemented and I hope to get benefits...

flamecmo

Then BAM!!! Chinese new year right in the teeth and then POW!!! Wall Street boyz getting their bonuses to invest in bitcoin saaaame old story /s

Complex-Charge-1984

I do none of those things (outside of Netflix) but still can't really afford it. Every time I start getting a nice nest, BAM, some BS comes up haha. Remember, kindness is free ;)

Tebundo

He's right and wait for this crab walk and dips for at least three years to shake everyone out and BAM it magically goes to the moon. Lot's of powerful players are manipulating the BTC market to make sure they take most of the BTC and we are left with crumbs. Mark my words and I hope I am wrong, nobody wants to wait years but good things sometimes take time.

Tebundo

I have a iPhone 7 still, BAM!!! How you like them APPLES?

StrongBit6835

lol wait till you find out he's a china man BAM! LOL

nothingivesaidistrue

Burgers are smart, they'll sit today out, let us think pullback is done. Then tomorrow, BAM, I'm the exit liquidity again.

Fac3s_

Good fucking question, its like al is normal then BAM, Brett, BAM, mogcoin, BAM, popcat, BAM, sundog... I dunno

Zealousideal-Wrap-34

That's how I feel too, but seen this play out before. Bitcoin lulls you to sleep, makes you a bit cynical, then BAM! melts your face off. Not saying this is the time but I'd bet on some face melting before September's over.

no___homo

These last few months have been a yawn fest, but eventually, when the stars align, BAM!

Carsmes

I wonder why you have your comments packed with insults. Is this some kind of insecurity? Or you are 12 and still learning how to cope with emotions? Such a successful and happy man, driving most reliable, safe and fuel efficient car, going on holidays, spending time with friends, but all I see is constant insults, something is not right here... Also can you please be so kind and point out where I said that I support Trump? You can dig up my comments one more time to check that. Or by your logic if I criticize left and call out on their hypocrisy and bullshit, this means that I am pro Trump? Literally you can find 5 posts from different subs in Popular, where everyone is calling Trump a liar and in the next post where guy said that if he wins nobody will have to vote again, and BAM it's not a lie and left are shitting pants. Like how that works? I would call out MAGA bullshit too, but unfortunately there is like 1% of that content here and I am not subscribed to that in my feed.

Set1Less

Its not even that, its the USD money left over in BAM (binance US) after all the banks shut down providing banking services to BAM over the last year, which BAM account holders have failed to withdraw so far for various reasons. Most of the money in BAM is already out, the little remaining was held in a custody account, now the judge has ruled that can be invested in US treasuries. Its roughly $40m which will be parked in treasuries, $10m per month All these articles are a crock of shit clueless misinformation, reporters who arent fit to do 4th grade homework writing bullshit articles on topics they have no clue about

funkinaround

The title makes it seem like Binance requested this for a new feature on their platform. Really it should be: > Judge allows BAM Trading (Binance.US) to move all corporate and customer assets away from Binance control This is coming from the SEC v Binance lawsuit. There's a whole lot of, "the Binance Entities will not have possession, custody, or control of any assets in wallets provided by a Third-Party Custodian," in the referenced court order. Whatever money or crypto you may have on Binance.US now, for sure, cannot be touched by the parent level Binance.

funkinaround

This is some spin, huh? The title makes it seem like Binance requested this for a new feature on their platform. Really it should be: >Judge allows BAM Trading (Binance.US) to move all corporate and customer assets away from Binance control This is coming from the SEC v Binance lawsuit. There's a whole lot of, "the Binance Entities will not have possession, custody, or control of any assets in wallets provided by a Third-Party Custodian." Whatever money you may have had on [Binance.US](http://Binance.US) now, for sure, cannot be touched by the parent level Binance. Not that you're using [Binance.US](http://Binance.US) as no one is using it. It has less volume than Gemini. The rest of the SEC lawsuit against Binance is ongoing.

LaserGuy626

State sponsorship, options, and futures make up the difference, and this tactic puts private miners out of business and gives more credibility to their central digital bank currency Prepare for many bull traps. I'm expecting 5-6k swings with the trend downwards over the next several months. Private miners will be driven out of business because mining will not be profitable. It's a win / win for these people. For those that supported the ability to short Bitcoin thinking it would help the price. Wrong! These people are now going to take advantage of people buying calls on Bitcoin and fomoing in on a pump. You'll notice Bitcoin will likely rally back by Monday morning. People will buy a bunch of calls on Bitcoin, then BAM! Dump. This may very well be backed by big countries implementing in CBDC's as well. Be ready

wooly_torch

We are bored, and some of us have given up on the dream that transpired in our minds those many years ago, but - we are almost at the point where the shot is going to fire out and reverberate across the expanse, and the shits gonna shoot straight to space so fast. Imagine getting slapped in the face by Chuck Norris in the middle of the night while meditating in a quiet space for 4 years straight. !BAM! Your shoes fall off. Now, your shoes are Lambos. And Chuck Norris is your personal bodyguard. That’s how it works cryptonauts, now like and subscribe like a good consumer and tune in next week for more juicy TA (I am not a financial advisor [inquire within]).

sportspadawan13

At this rate it really seems within a a few days we'll be there. And that green chart will flow perfectly into a listing for BAM! 50M just like that! Join while $HEGE is cheap and hold for monumental gains. Join our TG! This gif is all I can post for some reason so enjoy. https://i.redd.it/6q65b6zcdq6d1.gif

Educational-Bid-665

You just don’t know someone’s experience. I left home when I was 16 and had a retail job while in college. I had good dental insurance but my wisdom tooth extraction was partially not covered and BAM I had a 3k debt to my dentist that felt impossible to pay off. I was putting tuition and books on a credit card and paying it off over the semester, barely making it. I cycled 10 miles everyday to work and school, but if I had decided to buy a car, I’d probably still be in debt. I can see how it happens and Starbucks doesn’t have to be involved.

NarwhalPrudent6323

Ah yes, "woman ignores basic common sense and financial practices, blames crypto".  I don't even need to read the article lol,.I can predict it all: Met on a dating app. Only knew each other for a short time. Internet random offers her secrets to making a fortune in crypto, because that's what rich people do right? They give away their secrets to their riches? She deposits, sees some gains, deposits again, sees more gains, goes all in, and BAM! suddenly the website doesn't allow her to withdraw.  Now, here's where it gets tricky. Buddy either immediately ghosted her, or tried to convince her she needed to pay more money to obtain her funds. Based on the relatively low figure of $6k here, I'm betting he ghosted and ran.  Then, she went to a news outlet with her sob story like this isn't somehow the direct result of her own irresponsible actions. It's all the bad man on the internet's fault.  So, how'd I do?

KeyReturn7424

Before is was marketing, BAM! Love the commercial Now it’s oh it’s centralized, BAM! Nodes coming quarter 4 What’s next? Algo is getting for this bull run and it’s only up from here.

dirodvstw

We are now in the September, 2020 phase of the cycle. Late that month, we had been above 10K since July. There had been a dump, but it didn't take us under 10K. Price was slowly rising to 11K. In 2024, 10K is 60K. 70K is 11K. Or if you want to go back further, look at late 2016 and early 2017. We were hovering near the previous cycle's all-time high for a while, then BAM. I give it three months or so before the face melting commences. Fractals are fun!

gcm6664

I kinda do not understand why "supply shock" is always listed this way. As in listing a number of BTC bought per/day per/week or whatever. While it is true, it would be more accurate to view it as an amount of dollars being invested. As supply dwindles the price per BTC mathematically has to adjust to compensate. It seems like a distinction without a difference except that if you view it that way you can see that it is not like 3,100 btc will be bought every day and then one day "BAM!" we're out of btc. The price of bitcoin will just rise as the supply runs lower such that outflow will eventually equal the inflow. It appears that rise will have to be rapid (assuming money flow stays the same), so it is sort of "shock" in that sense but I don't think it will be sudden.

sportspadawan13

Lol I remember after I sold it just kept going and going and going and I just was like come on mannnn why did I sell. Then BAM. All gone. I'll take my $100, phew

Casey_in_Portland

BAM 💥

DaveFinn

That's what they said about things like ChatGPT then BAM

Salty-Constant-476

Don't rebalance for 10 years and [BAM](https://ibb.co/V9s2fr6)

gosumofo

But that’s the thing, they’re getting in early enough before the real ATH Peak season is reached. They’re also getting not just 1-2 bitcoins a day, they’re getting thousands in. Also, THEY control marketing … and celebrities and influencers who will be paid in USD$ to promote the shit out of Bitcoin. When the Whales are happy with what they’ll get back, BAM…the late buyers are gonna be stuck holding the bag and knowing them…they’ll sell at a loss. Oh yeah, not to mention they’ll be in so much debt from leverage or taking out equity from their homes or credit cards to get in BTC hoping it’ll keep going up. Wealth transfer doesn’t happen for us normal people … it’s for the 1% to widen the gap. This is going to be a crypto crash for global economy. Be smart, sell out December 2025 to January 2026 and wait for opportunity.

Trixdragon

The denominator in the BAM projection calculation is typically determined by the total addressable market (TAM) or the potential customer base for the product or service. It represents the total size of the market.

Crypto_Powered

I also bought at the highest point possible and BAM it tumbles down. FML

Lgleaner

How do people find out about alts when they start doing the ol jumpy jump? One minute I'm looking at something up 10% from previous 24hr then I check a few hours later BAM up 55%. I know when it happens everyone jumps on the pain train but how do they know? Do they just sit and watch 24/7?

Icefiight

Just feels like ive been on an endless treadmill these 3 years and its taken way too much out of me man… I finally fucking break even on my huge eth buy in 2021 and ive learned to take profits this time but with breaking even i’d maybe make $20 fucking dollars… then BAM drops off the planet again and now im just sad again… F crypto man

Icefiight

Just feels like ive been chasing this shit for 3 years straight… Only to finally break even and be thinking about taking profits and then BAM drops off the planet again and now im just sad again

AMasterSystem

Do you talk to any of your neighbors? BAM.

Coo7Hand7uke

Just don't click on a link then no BAM

bilabrin

Always. And I'm 90% sure it's e-mails from accounts inpersonating a sevice he uses and telling him he needed to take "immediate action" and log into his account. Of course they provide a handy link that spoofs the login page and BAM, they have hus username and password.

Cryptocaller

Hmm. Interesting example to present BTC and its gains. Firstly, thank you for not being as hostile as others. That’s great. Secondly, anytime anyone compares “X” coins “gains” against Bitcoin it’s always going to end poorly for your you/your argument. These are different animals. No coin has the adoption rate that BTC does, nor the security, nor the number of quality devs. The comparison is ridiculous quite frankly. To be fair and Frank- KAS has been around since 2022 and has made very little traction at all in that time. Then around six months ago it started to gain some momentum and within the last three weeks has doubled in MC. Seemingly overnight given the past two years performance. It’s laughably being manipulated by VC’s/early entrants at this point. Basically zero traction for two years and then BAM! the price doubled within three weeks. Sure pal. That was ALL retail investing into this amazing project. Anyone investing in this will lose every dollar that they spend.

Dr_Stew_Pid

just bring your ledger wallet to the corner store so you can type in the lil indian guys Tx address and BAM! You've got yourself some eggs and naan

wooly_torch

Google Cloud will play a crucial role in proposing and validating new blocks on the Flare Blockchain. This active participation supports the chain’s Proof of Stake consensus mechanism, contributing to the security and integrity of the Flare network. Additionally, Google Cloud joins an elite group of 100 organizations taking on dual responsibilities of validating and contributing to the FTSO, providing significant pricing data for Flare’s highly decentralized price oracle. BAM, that took 2 seconds to copy and paste.

Smiling_Jack_

Inverse r/cc is wild. ETH FUD was getting the strongest I’ve seen in a long time, then BAM ETH/BTC hard bounces off of .05.

Fun_Foot_1947

This time last year, everything was in the dumps. Incredibly depressing. Crabbed for a year, then BAM. Let's see how things spin out.

DingDongWhoDis

Best case, SOL continues its run and takes from ETH's MC. ETH is humbled and even deeply invested maxis start to jump ship. The weird illusion painted over Ethereum begins to fade, and retail realizes the tech and ecosystem is hot bullshit and always has been. Retail begins to see how institutional traders are manipulating retail throughout the market, preying on the exit liquidity, and the same gambling can be had with better tech! Mass exodus continues toward SOL and other moon boy hyped nonsense until... BAM, the inevitable outage happens. That, and retail again realizes the propaganda its chasing is leading them astray. SOL is most certainly not what it claims to be and will never be able to scale into the future. And ultimately, retail looks to Algorand. ALGO works the way it says it does. It is being adopted (RWA) in big ways despite being ignored by retail and its influencers. 80% of total supply is in circulation (8 out of 10 billion fixed supply). INSTANT finality, 3.3 second blocks, dirt cheap tx fees, NO FAILED TRANSACTIONS, no forking or double spending, and more smart contract throughput than SOL, ETH, and everything else on the market: https://np.reddit.com/r/algorand/s/r7uvGq2fvk And a much, much smaller market cap to run with. That stuff is factual. No inflated or fake metrics. ALGO is the real deal and continues to do the things that will bring the masses and bridge crypto to tradfi. Eventually the FUD will get quieter and the other hype chains will be demoted. Keep milking the bullshit. ALGO will still be there waiting for you when you're done.

Smiling_Jack_

Just as the sentiment towards SOL did a 180, you know without a doubt that algorithmic stablecoin projects will come back in full force towards the end of this cycle. All it takes is FOMO outweighing that Fear threshold and BAM! who cares about the past.

Dense-Step5336

I just have too much money... I try putting it in stupid investments like BTC and then BAM! MORE MONEY!! I just can't find a bad investment to get rid of money :(

Aerith_Gainsborough_

It always has been. BAM!

BitCoiner905

23 words will out put a value. Take that value and figure out the correct checksum. Look up the value of that checksum against the word list. BAM! That's your 24th word.

GapingFartLocker

>**FAILURE TO RESTRICT U.S. INVESTORS FROM ACCESSING BINANCE.COM** >The SEC’s complaint alleges that Zhao and Binance created BAM Management and BAM Trading in September 2019 as part of an elaborate scheme to evade U.S. federal securities laws by claiming that BAM Trading operated the Binance.US platform independently and that U.S. customers were not able to use the Binance.com platform. The complaint alleges that, in reality, Zhao and Binance maintained substantial involvement and control of the U.S. entity and that, behind the scenes, Zhao directed Binance to allow and conceal many high-value U.S. customers’ continued access to Binance.com. In one instance, the Binance chief compliance officer messaged a colleague that, “[w]e are operating as a fking unlicensed securities exchange in the USA bro.” I would say that one carries weight, I believe this could be related to the sanctions avoidance they admitted guilt to. >**MISLEADING INVESTORS** >According to the SEC’s complaint, BAM Trading and BAM Management misled Binance.US customers and equity investors concerning the existence and adequacy of market surveillance and controls to detect and prevent manipulative trading on the Binance.US platform’s crypto asset trading volumes. The complaint further alleges that the strategic and targeted wash trading largely perpetrated by the Binance.US platform’s primary undisclosed “market making” trading firm Sigma Chain, also owned by Zhao, demonstrates the falsity of statements BAM Trading made about its market surveillance and controls.

zweice2c

>The official clarified that the separate exchange called Binance.US, which is the operating name for BAM Trading Services, a U.S. affiliate for Binance, is a registered money services business and therefore is not affected by Binance's exit.

Forgot_Password_Dude

you guys don't get it. even if you get rich, it could be gone in a second if you don't control it. got millions in a bank? bankrupt, gone if over 250k. do something bad, and BAM its gone because feds freeze it. got a bunch of nice properties? BAM earthquake/volcano/floods/ government tske over like in Palestine etc. get rekt you can be "rich" temporarily but if you want to stay that way put it in Bitcoin

VividSupermarket1796

>And then BAM You'll need to explain how that happens. But cool story. I see this happening in the next 80 years.

BlockchainMeYourTits

Happy Coin. I still enjoy it. Plus any day now that social media influencer is going to post his videos- and BAM straight to the 🌙🌙🌙! Get on board now before it’s too late!

jesschester

I got got earlier this year for about 1 ETH this way. Several top comments with 30+ upvotes each and dozens of comments in each thread (none calling it out as a scam) mentioned this service with a link for bridging something (I forget the particulars) and on another day I would have just not clicked it but I was tired and had been clicking links and signing MetaMask requests for hours and the red flag just didn’t occur… and BAM my entire ARB airdrop plus a couple avatar sales profits gone in an instant.

sportspadawan13

Yes there was. I thought that was it and then BAM. Just an unreal run. We all thought DOGE from .005 to 6 cents was crazy. Then it cruises to .75.

originalrocket

Sold on the downward from the 69k high. BUT Absolutely nailed 16k. I was out of crypto, happy, and said if it ever goes this low, might as well buy in again. Several months later I get a notice that my order was filled. I had forgotten about it. BAM nailed it, I'm so happy! BTC above 90k, I retire. Yes, I am gloating, Yes it feels good, Yes there is hope!

Tacitus19

Nice. Just when I thought this market couldn't go any higher, JPM says sell. Now all we need is Cramer to reiterate his bearish stance and BAM...MOON TIME.

ComprehensiveRead161

BAM! Haters SMD. What an empowering story!

Altruistic_Box4462

Well eventually there is a point where all of the people who were going to sell have sold. Think of buy and sell orders, once we break through enough sell order walls well eventually start going upward, as the prior walls have already been broken. Its partially why we've been crabbing so long, there just isn't much selling pressure to force the price down, come time well reach a point that nobody is really selling anymore and BAM.. the next bull market comes. But yeah, it takes time to capitulate everyone.

MrGensch

THIS IS YOUR EASIEST WAY. Transfer your bitcoin to your PayPal or Cashapp wallet. BAM. your done. It will take 30 mins--> a few hours to arrive. Sell on your paypal or cashapp. Easy Pezy

Dr_Will_Kirby

I’m just so fucking over it man… i just dca’d the into eth thinking it was at the bottom and then BAM… eth is going to 1400 likely

EdgarAllenBoone

They didn’t even include the saddest albeit best named scam, the pig butchering scam, where the confidence man befriends, gets you invested and doing well, then you make the big deposits and BAM, they gone. Saw an article that a lady lost her whole retirement from this just yesterday on the board

Loose_Finding

It doesn't even crawl up does it?! It's just BAM 28k!

Crypto-4-Freedom

Imagine you are just chillen looking at the charts, and BAM! You see a pump like that!

ryencool

Yeah I don't understand why anyone would swoop in and pick up anything FTX touched, even for pennies on the dollar. You just sent know how any of that is going to shake off, and holding that bag will do to you over time. On top of that if anyone wants to hit you negatively in the press they just have to link you to FTX in the headlines and BAM! Stay away CB

MarcusStoic

Here are some major news in Crypto from yesterday: \- Federal Reserve halts interest rate hikes during FOMC, maintaining rates at 5.25%-5.5%. Despite no hike, rate cuts are pushed until September 2024. \- Grayscale Investments files for an ether futures ETF, following a recent SEC win for their spot bitcoin ETF. The move aligns with rising crypto ETF interest. \- Ledger plans to launch its private-key recovery service by year-end, addressing user concerns. CEO Pascal Gauthier emphasizes optionality in privacy and recovery tools. \- House Committee approves bill barring Fed from launching a CBDC. Introduced by Rep. Tom Emmer, it emphasizes privacy and market freedom. \- Mastercard's Start Path program aids seven blockchain startups, amplifying digital asset innovation and expanding blockchain use globally. \- Binance CEO, Changpeng Zhao, denies report of a $250M loan from BAM Management, stating he loaned them the amount instead. \- Bybit to list PayPal USD (PYUSD) stablecoin on its Spot platform, with deposits now open, trading from Sep 20, and zero-fee trading on PYUSD/USDT. \- Apple considered introducing built-in stock trading on iPhones in partnership with Goldman Sachs but paused the plan due to market conditions \- None Trading, a Discord-based crypto and NFT trading tool, shuts down after a "critical exploit" causing significant financial loss. Valued at $16.5 million during its token debut. \- Wormhole integrates Circle's CCTP, enabling native USDC transfers between Ethereum, Avalanche, Arbitrum, and Optimism, streamlining cross-chain transfers.

MarcusStoic

# Here are some major news in Crypto today: \- Federal Reserve halts interest rate hikes during FOMC, maintaining rates at 5.25%-5.5%. Despite no hike, rate cuts are pushed until September 2024. \- Grayscale Investments files for an ether futures ETF, following a recent SEC win for their spot bitcoin ETF. The move aligns with rising crypto ETF interest. \- Ledger plans to launch its private-key recovery service by year-end, addressing user concerns. CEO Pascal Gauthier emphasizes optionality in privacy and recovery tools. \- House Committee approves bill barring Fed from launching a CBDC. Introduced by Rep. Tom Emmer, it emphasizes privacy and market freedom. \- Mastercard's Start Path program aids seven blockchain startups, amplifying digital asset innovation and expanding blockchain use globally. \- Binance CEO, Changpeng Zhao, denies report of a $250M loan from BAM Management, stating he loaned them the amount instead. \- Bybit to list PayPal USD (PYUSD) stablecoin on its Spot platform, with deposits now open, trading from Sep 20, and zero-fee trading on PYUSD/USDT. \- Apple considered introducing built-in stock trading on iPhones in partnership with Goldman Sachs but paused the plan due to market conditions \- None Trading, a Discord-based crypto and NFT trading tool, shuts down after a "critical exploit" causing significant financial loss. Valued at $16.5 million during its token debut. \- Wormhole integrates Circle's CCTP, enabling native USDC transfers between Ethereum, Avalanche, Arbitrum, and Optimism, streamlining cross-chain transfers.

OkSample7

I’d reach into my pocket, pretending to grab cash and then BAM! Pocket sand right in the face!

Silver-dutch

“In a post, Zhao shared a screenshot of the report and said that the outlet “got the direction wrong.” According to the Binance CEO, the loan was the other way around. He explained in the tweet that he was the one who gave BAM Management $250 million as a loan and claimed that he had not yet taken it back. The Binance executive also implied in the tweet that there is lot of “wrong information” in the report.” Fud force is strong these days

satoshi_oscar_wilde

CZ's loan to BAM Management is like giving money to a friend who's always asking for it, but you know they'll never pay you back.

coinfeeds-bot

tldr; Binance CEO Changpeng Zhao has refuted a recent report claiming that he took a $250 million loan from BAM Management. The report misinterpreted court documents related to a lawsuit between Binance and the SEC, stating that BAM Management issued the loan to Zhao. However, Zhao clarified that he was the one who gave BAM Management the loan and has not yet taken it back. The SEC has been struggling to extract information from Binance and Binance.US during the lawsuit. A judge recently stated that he was not inclined to allow further inspection at the moment. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

elidevious

In a court filing dated Sept. 14, the U.S. Securities and Exchange Commission (SEC) alleged that Binance US’s holding company, BAM, has so far produced only 220 documents during the discovery process, including “unintelligible screenshots and documents without dates or signatures.”

Tasigur1

>In a Monday court filing, the Securities and Exchange Commission laid into what it says is Binance.US’s "slow-rolled small productions of documents” and called for the court to order an inspection of the firm. The regulator asked for certain information around customer assets, but said BAM, the company behind Binance.US, has so far not obliged. Fud? Maybe, but where there's smoke, there's fire.

nacockerspaniel

Wonder if this dump is in reaction to BAM and SEC. I will say, all those execs leaving BAM is fishy.

kapteeni_ilmeinen

> The SEC also commented on a few notable executives who departed Binance.US, including its CEO Brian Shroder. Krishna Juvvadi, head of legal, and Sidney Majalya, chief risk officer, at Binance.US also left last week, according to The Wall Street Journal. > "The accelerating mass exodus of BAM employees, now including its CEO and others who may possess crucial information regarding the custody, control, and availability of assets, further underscores the urgent need for expedited discovery into these issues now," the agency said. Doesn't sound good TBH

Br0xigar

"In its latest filing regarding its motion to compel against BAM, the holding company for Binance.US, the United States Securities and Exchange Commission (SEC) has claimed that Ceffu, a wallet provider, is indeed “Binance-related.” This is in contradiction to claims made by Binance in earlier court documents."

Silver-dutch

“The U.S. Securities and Change Fee (SEC) just lately accused Binance.US of non-cooperation in a courtroom submitting dated Sept. 14. The SEC claims that Binance.US’s holding firm, BAM Holdings, submitted 220 paperwork, primarily unmarked screenshots, and has failed to provide key witnesses.” To be honest, it’s a bit shady

Tasigur1

"*More than two months later and despite repeated good faith attempts by the SEC to reach further compromise with BAM, the SEC finds itself essentially where it was when it first sought relief from the Court. BAM continues to refuse, even in light of the Consent Order, to provide anything beyond extremely limited information to ensure that BAM’s Customer Assets are not at the mercy of Defendants Binance Holdings Limited (Binance) and Changpeng Zhao, two persons who view themselves outside the reach of the Court*.” I know everybody is against the SEC and pro Binance here, but the behavior of Binance is definitely suspicious. Where there's smoke there's fire ...

coinfeeds-bot

tldr; The U.S. Securities and Exchange Commission (SEC) has accused Binance US of "numerous discovery failures" during its investigation into the crypto exchange. The SEC alleges that Binance US's holding company, BAM, has produced only 220 documents during the discovery process, including unintelligible screenshots and documents without dates or signatures. The SEC also raised concerns about customer assets falling under the control of Ceffu, a wallet custody software service owned by Binance Holdings Ltd. The SEC accuses Binance US of inconsistent remarks regarding Ceffu and of responding to demands for relevant communications with blanket objections. These accusations come amid a wave of executive departures from Binance US. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

cannainform2

The U.S. Securities and Exchange Commission (SEC) has accused Binance of a “lack of transparency” during its investigation into the crypto exchange. In a court filing dated Sept. 14, the U.S. Securities and Exchange Commission (SEC) alleged that Binance US’s holding company, BAM, has so far produced only 220 documents during the discovery process, including “unintelligible screenshots and documents without dates or signatures.”

Silver-dutch

“The SEC in its court filing noted that Binance.US’s holding company called BAM has produced only 220 documents during the discovery process. Many of the submitted documents under the Consent Order “consist of unintelligible screenshots and documents without dates or signatures.” I hate to say this, but it’s a bit shady to be honest

ShinobiHanzo

Minority shareholders can screw you over. Probably why CZ keeps those investors in another company BAM instead of shares into Binance.

Vinnypaperhands

And what happens when volcanoes create new land masses? BAM LAND INFLATION!

DBRiMatt

BAM! And suddenly my moon count is higher! o_O

399ddf95

How do you know this? As far as I can tell, Binance.US is a privately held DE corporation (BAM Trading Services Inc) - their corporate registration in California, until March of this year, said that their primary address was [a condo in Palo Alto, CA](https://www.zillow.com/homedetails/611-Cowper-St-400-Palo-Alto-CA-94301/166731136_zpid/). They seem to have another Delaware corporation at the same address they're using in Florida - BAM Management Holdings Inc. - whose address was the same condo until recently. It doesn't seem like their ownership is at all visible to the public - so I'm curious how you can be so confident there's no relationship with the other entity that coincidentally uses the same name and logo.

rootpl

>Listed on Reddit? REDDIT CEX CONFIRMED BAM!

OriginalIllustrator5

Anytime we think the worst is over, BAM, it gets worse

Unitedstatesofnever

I hate when a really interesting looking post gets posted and I can tell all of the comments will be fun to read and then BAM it gets removed for reasons

Stryderix

Binance seeks a court order against the SEC, claiming excessive info requests. BAM Trading argues they've provided sufficient data and wants to limit SEC actions, including fewer depositions. Binance and SEC haven't responded. In June, Binance and CEO were sued for deceptive practices and misleading investors.

-raiwist

>BAM stated that the SEC wants it to produce “all communications” from Nov. 2022 from at least six employees and executives. According to the firm, this request cover dozens of topics—many of which have nothing to do with customer assets. Besides that, the financial regulator wants to depose at least six of its employees and officers, including its chief executive officer and chief financial officer. I'm torn because I don't like the idea of the SEC being able to pry to too great an extent but it does make you wonder what their suspicions are that they are making such requests. What is Binance potentially guilty of?

chocolateboomslang

The crypto platforma just need to grease the wheel like every other industry and BAM! USA crypto haven number 1

Rerere3535

1) I made sure the keys I created were READ ONLY. When you create a key with Binance, it is automatically Read Only. Once you create the key, you can go in and purposely change it to give it permissions. I have NEVER done that. Even if that did happen by a tiny minuscule chance, after 90 days, Binance changes it to read only from trade permissions if the apps are not used. I didn’t use the apps since March and we are now in august. It is more than 90 days. 2) I don’t use public WiFi to access my crypto. 3) this is why I find it really fishy. I saw another post about someone being hacked for $20k last year who also only had read only API’s. There has been more than me who was hacked as I received an email from Binance stating this: Thank you for your cooperation during this investigation. Rest assured the security of our customers' accounts is our top priority. When we discovered that compromised API's keys were being used on our platform, we immediately took action and engaged law enforcement. We are not able to comment on the open investigation pertaining to the compromise of the API keys. If you have any questions regarding your API key or security of keys, please direct them to your API provider. Please be aware that, per our Terms of Use, you are responsible for maintaining adequate security and control of your Binance.US account details, including usernames and passwords, API keys, API secret keys, or any other codes that you use to access your account or send any instruction, request, or order to BAM in relation to the operation of your account, or to execute any transaction. Additionally, you acknowledge and agree that Binance.US’s decision to take certain actions, including, without limitations, to terminate, suspend, or restrict your access to your account(s) or the services, may be based on confidential criteria that are essential to our risk management and security protocols. Thank you, Binance.US

Rerere3535

Binance confirmed via email it was an API key. This is their email to me: Thank you for your cooperation during this investigation. Rest assured the security of our customers' accounts is our top priority. When we discovered that compromised API's keys were being used on our platform, we immediately took action and engaged law enforcement. We are not able to comment on the open investigation pertaining to the compromise of the API keys. If you have any questions regarding your API key or security of keys, please direct them to your API provider. Please be aware that, per our Terms of Use, you are responsible for maintaining adequate security and control of your Binance.US account details, including usernames and passwords, API keys, API secret keys, or any other codes that you use to access your account or send any instruction, request, or order to BAM in relation to the operation of your account, or to execute any transaction. Additionally, you acknowledge and agree that Binance.US’s decision to take certain actions, including, without limitations, to terminate, suspend, or restrict your access to your account(s) or the services, may be based on confidential criteria that are essential to our risk management and security protocols. Thank you, Binance.US

Rerere3535

Nobody logged into the account. They did it through an API. They didn’t need 2FA to access the account. Binance has not been helpful at all and refuse to divulge information. I have asked them all these questions. They are trying to hide what actually occurred. this is their response: investigation. Rest assured the security of our customers' accounts is our top priority. When we discovered that compromised API's keys were being used on our platform, we immediately took action and engaged law enforcement. We are not able to comment on the open investigation pertaining to the compromise of the API keys. If you have any questions regarding your API key or security of keys, please direct them to your API provider. Please be aware that, per our Terms of Use, you are responsible for maintaining adequate security and control of your Binance.US account details, including usernames and passwords, API keys, API secret keys, or any other codes that you use to access your account or send any instruction, request, or order to BAM in relation to the operation of your account, or to execute any transaction. Additionally, you acknowledge and agree that Binance.US’s decision to take certain actions, including, without limitations, to terminate, suspend, or restrict your access to your account(s) or the services, may be based on confidential criteria that are essential to our risk management and security protocols. Thank you, Binance.US

Rerere3535

This is what Binance said: investigation. Rest assured the security of our customers' accounts is our top priority. When we discovered that compromised API's keys were being used on our platform, we immediately took action and engaged law enforcement. We are not able to comment on the open investigation pertaining to the compromise of the API keys. If you have any questions regarding your API key or security of keys, please direct them to your API provider. Please be aware that, per our Terms of Use, you are responsible for maintaining adequate security and control of your Binance.US account details, including usernames and passwords, API keys, API secret keys, or any other codes that you use to access your account or send any instruction, request, or order to BAM in relation to the operation of your account, or to execute any transaction. Additionally, you acknowledge and agree that Binance.US’s decision to take certain actions, including, without limitations, to terminate, suspend, or restrict your access to your account(s) or the services, may be based on confidential criteria that are essential to our risk management and security protocols. Thank you, Binance.US

Rerere3535

This is is what their email stated: investigation. Rest assured the security of our customers' accounts is our top priority. When we discovered that compromised API's keys were being used on our platform, we immediately took action and engaged law enforcement. We are not able to comment on the open investigation pertaining to the compromise of the API keys. If you have any questions regarding your API key or security of keys, please direct them to your API provider. Please be aware that, per our Terms of Use, you are responsible for maintaining adequate security and control of your Binance.US account details, including usernames and passwords, API keys, API secret keys, or any other codes that you use to access your account or send any instruction, request, or order to BAM in relation to the operation of your account, or to execute any transaction. Additionally, you acknowledge and agree that Binance.US’s decision to take certain actions, including, without limitations, to terminate, suspend, or restrict your access to your account(s) or the services, may be based on confidential criteria that are essential to our risk management and security protocols. Thank you, Binance.US

bootmeng

I thought I was used to it and then BAM! Brain fart and it takes me a moment to realize what I'm looking at.

fairysquirt

Prl fuged me up, dev rugged moment of Kucoin listing, and they launched some recovery project and issued holders but I heard about it late, can't remember... it looked so promising too. Also UNIFY coin created an exchange on site, I deposited to it and the dev let the website die, nobody used the site and it had bugs so I lost them all in that trap. OH C-Cex this russian exchange... I deposited to buy XVG as you know the arbitrage trap of "wow I found a life hack" turns immediately into "OH... that's why the price difference, i'm stuck"... where I tried to withdraw and I got some garbled english pop up like "trying too soon to withdraw"... then the guy running the site went on a holiday... (with XVG depegged and offline) comes back weeks later said "oh there's been a hack all XVG gone, but it okay" proceeded to issue everyone a baseless XVG refund token, people traded it for a fraction of real XVG. Real XVG went 300% after that and I was stuck in some scam exchange. Coinmarkets exchange got DDoS to death. I'm still waiting for Grant Thornton to stop leeching my crypto funds from Cryptopia NZ "hack".. only really ETH was stolen I remember some dev in chat bragging about how unsecure Ethereum network is... the BAM, everything up for liquidation. I've heard some pretty valid rumors that Cryptopia team then sold a bunch of everyone's shitcoins on Hitbtc, to then launch and list their own project CennZ Centrality AI, which incidentally still has a marketcap of 14m after dropping 96% value from launch. I almost got caught up in the ForkDelta (EtherDelta) expoit. Was in Bitconnect. Oh here's a funny one... this shit token "SMEG Mars" a token for testicular cancer, was all "we are rug proof fully audited" part true... so I buy some, go in the LP, over night the DEV apparently issues that night an announcement "don't worry if you see the LP change i'm just checking something", he pulls ALL value from LP, then launches a new contract, changes the website contract to the new one and says "new contract, airdrop to all holders". He air drops the new token (not audited), to all people who had SMEG in their wallets... but nobody who was in the LP (me). I tell them in discord, and get absolutely slandered by all the mooner shillers hoping zombies. The guy literally rugged over night. The salt in that wound is a week later they were advertising in Times Square with the money they'd just stolen from people like me. Oh I didn't get caught in this one but always found it interesting if we talking about OGs remembering stuff ahha.. Bitbean hack. Bitbean was this coin with its own wallet and I think POS like most alts were back in the day (not tokens on other networks, just forks of bitcore stuff)... and they were really one of the first to go retail, they had prepaid cards you could buy in grocery shops with Bitbean coin on them, looked really spiff, tidy, solid job on them, they worked.. you could buy a physical card, send it to a friend and they could redeem it (or tell if it was tampered)... anyway so one of the Devs forces a checkpoint on the blockchain, everyone's wallets go offline while he proceeds to absolutely dump the hell out of it on every exchange (I think with fake tokens) idk the exact details but I sorta got how it worked back when I was into QT wallets. Someone did something similar to Mouse Coin, they blocked everyone withdrawing somehow (maybe so few nodes it could be messed with).. anyway with Mouse Coin, the staking was nuts, I literally staked so many into the quintillions, I had multiple wallets all brimming with them... we'd do give aways in Trollbox on Nova Exchange for fun, was fun to fund them. Anyway that died. But some devs revived it into Mic3, I had so many though I felt bad for the DIY open source kids trying to get it back to life, so I didn't end up swapping to the new project, I'd have owned most of supply lol and they seemed bogged down anyway. Nova Exchange I dearly miss (along with Cryptopia), true grass roots shit coin heavens... Dark Doge was born there e.g. XVG. So many no names made names for themselves. They had base pairs to Doge, which solved the decimal issue where you couldn't trade high supply shitcoins because they were below 1SAT value, or people would just flip them for 2SAT even if they really deserved to be worth 20SAT it couldn't break free of the traders buying for 1 selling for 2, so Doge solved that as a base pair. I've got like 50 more of these stories, but I think i'll leave it there.

Every_Hunt_160

That’s the trap they set to you, you see everything going to the moon and get greedy for more profits after you sold early once.. And then BAM! The bear comes, the coin goes 99% down and your 2x profits turn into a 90% loss